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RBA decides not to cut interest in February

In their first meeting since December 2012, the Reserve Bank decided not to give homeowners further assistance by keeping the cash rate on hold, at least until their next meeting on the 5th March 2013. Despite inflation in December...
A RISE in building approvals for November, coupled with other more positive global signs, should give the Reserve Bank of Australia (RBA) the confidence to leave interest rates on hold in February, economists said.

Residential building approvals rose 2.9 per cent in November...

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